Fox Corp. price target raised to $58 from $50 at Citi

Citi analyst Jason Bazinet raised the firm’s price target on Fox Corp. (FOXA) to $58 from $50 and keeps a Buy rating on the shares. The firm updated the company’s model ahead of the fiscal Q2 report. It rolled the stock’s valuation a year forward to 2026 and expanded its free cash flow FCF multiple from 10 to 11.5-times.

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